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Balewadi, which made its mark due to the Commonwealth Youth Games of 2008 that were held in the locality, has become a real estate destination to reckon with. The games steered the infrastructure activities and since, there is a wide availability of land in the area, it became a subject of rapid real estate development. Here are the four reasons why this locality shall be considered for buying real estate.

Proximity to IT hubs: Balewadi, adjacent to Baner Road, where prices have peaked, is also benefiting from the IT/ITes-led development in the peripheral locations. "The stretch is close to the IT hub of Hinjewadi and is a good option for people looking for a less onerous daily commute," says Kruti Jain, director, Kumar Urban Development Ltd.

Accessibility: It is a locality of choice for homebuyers who are looking for seamless connectivity. It is close to the Mumbai-Pune Expressway and the Katraj-Dehu Road corridor passes through Balewadi. The area is also connected to the Mumbai-Bangalore Highway. It has good accessibility through road network to other locations of Pune. Balewadi is approximately 20 kms from the Pune Airport and 10 kms from the railway station.

Affordability: The prevailing property rates in Balewadi are in the range of Rs 4,500-5,500 per sq ft, whereas the neighbouring localities of Baner offer properties at Rs 6,000 per sq ft. So, Balewadi becomes the nearest and the affordable choice for those looking for residential space in Baner but cannot afford it.

Livability: As Balewadi is located near Baner and Aundh, the basic social infrastructure facilities are already available in the area. Numerous banks, schools, restaurants and retail stores have emerged, drawn in by an increasingly up-market population. "Balewadi is also the hub for several prominent educational institutes and hotels and home to establishments like the National lnsurance Academy, National Institute of Construction Management and Research, MITCON and Mose College," informs Sunita Rao of Landmark Realtors.

New projects: There are many new projects coming up in the locality. Marvel Cascada by Marvel Realtors, Madhuban by Kakkad Developments, Kaizen by Smile Housing, Vasudha Parnika and Sai Eshanya by Manikchand Vasudha Developers, Shreemant Ganray Krupa by Ganraj Associates, to name a few are present here. Most of these projects are going to be delivered by the end of 2013 or by early 2014. The prices of multi-storeyed apartments in this locality, start from Rs 35 lakhs and go up to Rs 7 crores.